Greenbank Capital Inc. Secures Revocation of Cease Trade Order

TORONTO, ON – May 1, 2024 – Greenbank Capital Inc., a Canadian-based financial organization, has announced the successful revocation of the Failure-to-File Cease Trade Order (FFCTO) that had been issued by the Ontario Securities Commission. Initially, the FFCTO was implemented on December 4, 2023, due to Greenbank's delay in submitting its annual financial documents for the year ended July 31, 2023, including audited financial statements and related management discussion and analysis.

However, between March 5, 2024, and March 7, 2024, Greenbank addressed this issue by filing the required documents, which are now publicly available under the company’s profile on SEDAR+. This action brought the company back into compliance with its continuous disclosure obligations. With the revocation of the FFCTO, Greenbank is coordinating with the Canadian Securities Exchange to lift the suspension on its common shares trading. The company anticipates this will lead to the resumption of trading, subject to a subsequent announcement confirming the action.

Greenbank reiterated that there have been no changes in its business operations or plans, stating its business remains active and aligned with its existing strategy.